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|z 9781455201419
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|a 1018-5941
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|a Ozkan, F. Gulcin.
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|a External Finance, Sudden Stops, and Financial Crisis :
|b What is Different This Time? /
|c F. Gulcin Ozkan, Filiz Unsal.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2010.
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|a 1 online resource (34 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a This paper develops a two-country DSGE model to investigate the transmission of a global financial crisis to a small open economy. We find that economies hit by a sudden stop arising from financial distress in the global economy are likely to face a more prolonged crisis than sudden stop episodes of domestic origin. Moreover, in contrast to the existing literature, our results suggest that the greater a country's trade integration with the rest of the world, the greater the response of its macroeconomic aggregates to a sudden stop of capital flows.
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|a Mode of access: Internet
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|a Unsal, Filiz.
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|a IMF Working Papers; Working Paper ;
|v No. 2010/158
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2010/158/001.2010.issue-158-en.xml
|z IMF e-Library
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